FRX Innovations (TSXV:FRXI) Interest Expense : C$-1.34 Mil (TTM As of Sep. 2023)

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What is FRX Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FRX Innovations's interest expense for the three months ended in Sep. 2023 was C$ -0.16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-1.34 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. FRX Innovations's Operating Income for the three months ended in Sep. 2023 was C$ -2.69 Mil. FRX Innovations's Interest Expense for the three months ended in Sep. 2023 was C$ -0.16 Mil. FRX Innovations did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FRX Innovations Interest Expense Historical Data

The historical data trend for FRX Innovations's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FRX Innovations Interest Expense Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-4.14

-1.51

-1.81

-2.28

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial									-0.41	-0.79	-0.24	-0.15	-0.16

FRX Innovations Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.34 Mil.

FRX Innovations (TSXV:FRXI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FRX Innovations's Interest Expense for the three months ended in Sep. 2023 was C$-0.16 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-2.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$3.56 Mil.

FRX Innovations's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

FRX Innovations did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Interest Expense

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Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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